Investment and Rights in Asia Pacific Mining Ltd. (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 12 Months Ended |
|---|---|---|---|
Apr. 30, 2017 |
May 31, 2020 |
Feb. 29, 2020 |
|
| Share subscription, value | $ 3,600,000 | $ 3,600,000 | |
| Asia Pacific Mining Ltd [Member] | |||
| Number of stock option granted shares | 2,930,261 | ||
| Purchase price of stock option granted | $ 1,500,000 | ||
| Right options, value | $ 1 | ||
| Agreement [Member] | Asia Pacific Mining Ltd [Member] | |||
| Share subscription, units | 2,930,259 | ||
| Share subscription, value | $ 1,500,000 | ||
| Issued and outstanding, percentage | 7.50% | ||
| Share subscription, description | Each unit consisted of one common share and one share purchase warrant which will entitle the holder of each warrant to acquire an additional share of Asia Pacific at an exercise price of $0.5119 per share during the term equal to the greater of two years from the closing of additional financing of Asia Pacific according to the terms of the Agreement or 18 months from the receipts of all necessary permits to carry out the exploration program. | ||
| Warrant exercise price | $ 0.5119 | ||
| Loss on write off of investment | $ 1,500,000 | ||
| Agreement [Member] | Acquisition Co [Member] | |||
| Right options issuance, description | Once it has exercised the Option, the Company may, at its discretion, require Asia Pacific to transfer the Project Subsidiary to another Canadian publicly listed company to be selected by the Company ("Acquisition Co.") (if the Project Subsidiary is not transferred to another Canadian publicly listed company, Acquisition Co. means the Company) for an exercise price consisting of $7,000,000 in cash and thirty percent of the issued and outstanding share capital of Acquisition Co. (calculated on a fully diluted basis, excluding up to 10% in stock options, but including shares Acquisition Co. may have issued in order to raise the exercise price of $7,000,000 and an additional $5,000,000 in working capital). Half of the cash portion of the exercise price must be paid upon exercise of the Option; the balance is to be paid on the first anniversary of the exercise and is to be evidenced by a one-year secured term note. Although the Company has the right to select Acquisition Co., it must select a Canadian publicly listed company that meets certain criteria - at exercise of the Option, Acquisition Co. must have less than $100,000 in liabilities and $5,000,000 or more in working capital and Asia Pacific will have the right to nominate 30% of its directors. | ||
| Option Agreement [Member] | Asia Pacific Mining Ltd [Member] | |||
| Equity, right ownership percentage | 100.00% |